Change - Announcement of Cessation::RESIGNATION OF LEAD INED, CHAIRMAN OF AC AND MEMBER OF NC AND RC

Issuer & Securities

Issuer/ Manager
VALLIANZ HOLDINGS LIMITED
Securities
VALLIANZ HOLDINGS LTD - SGXE15078822 - WPC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
03-Nov-2023 18:28:20
Status
New
Announcement Sub Title
RESIGNATION OF LEAD INED, CHAIRMAN OF AC AND MEMBER OF NC AND RC
Announcement Reference
SG231103OTHRBAZW
Submitted By (Co./ Ind. Name)
Ling Yong Wah
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This document has been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Faye Chong, Director (Corporate Finance), at 96 Robinson Road, #13-01, SIF Building, Singapore 068899. Telephone: (65) 6227 5810. Email: fayechong@provenancecapital.com

Additional Details

Name Of Person
Bote de Vries
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date
04/11/2023
Detailed Reason (s) for cessation
Mr. Bote de Vries ("Mr. de Vries") has served on the Board of Vallianz Holdings Limited ("Company") since 6 September 2010 for more than 9 years. In view of the nine-year tenure limit for independent directors prescribed under the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist, Mr. de Vries is resigning as the Lead Independent Non-Executive Director, Chairman of the Audit Committee and a member of Nominating Committee and Remuneration Committee of the Company to pursue other opportunities.

After having interviewed Mr. de Vries and to the best of its knowledge, the Company's Sponsor, Provenance Capital Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. de Vries as the Lead Independent Non-Executive Director, Chairman of the Audit Committee and a member of Nominating Committee and Remuneration Committee of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
06/09/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director, Chairman of Audit Committee, member of Nominating Committee and Remuneration Committee
Role and responsibilities
Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
136,666 (Direct Interest)
Past (for the last 5 years)
1. Artilium NV Londen (Non - Executive Board Member)
2. Lloydsfonds GMBH Hanburg (Non-Executive Board Member)
3. North Atlantic Drilling Ltd (Non-Executive Board Member)
4. Northern Ocean Limited (Non-Executive Director)
Present
1. Dutch Investment Fund for Seagoing Vessels (NBZ)
2. Building Society Humanitas (Supervisory Board Member)
3. Building Society Groenwest (Member of Supervisory)
4. NNPC P&I Club (Chairman of The Supervisory Board)
5. Golden Close (Non-Executive Board Member)
6. Qua Wollen Building Society Krimpenerwaard (Non-Executive Director)